Citra Living, the Build To Rent arm of Lloyds Banking Group, has announced another new scheme. It is a 95-flat development at Nottingham’s British Waterways building. Citra, which...
Letting Agent Today - Breaking News
Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.
Breaking News
More tenants now shop around, says high profile agent
A prominent London buying agent and property consultant says the slowly improving supply of rental property means more tenants are now able to shop around for...
HMO warning letters ignored by rogue lettings agency
A lettings agency has pleaded guilty to seven offences relating to an HMO. IHomes Letting Limited has been fined £16,970 for failing to meet a number of...
Independent agency disappears as franchise giant expands
Martin & Co - part of the TPFG franchise giant - has purchased another independent agency. Father and son duo Jaspal and Monay Bhachu, existing franchise owners...
Many renters will be Home Alone this Christmas
A survey suggests that a third of UK tenants who plan to spend Christmas in their rental property will be alone. A survey of 1,220 UK tenants...
Shelter plots huge email campaign to stop Renters Reform Bill ‘watering down’
Campaigning charity Shelter claims there’s a conspiracy amongst MPs, landlords and others in the private rental sector to water down the Renters Reform Bill. The charity -...
Agency installs new systems after error leaves HMOs unlicensed
A lettings agency has initiated new systems to ensure there is no repeat of a mistake that left some client properties unlicensed. An overnight by Castle Residential...
Councils enforcing rental licensing are on brink of bankruptcy
Scores of councils that enforce licensing regimes on the private rental sector claim they are on the verge of bankruptcy. Almost one in five council leaders and...
Housing minister backs Build To Rent
New housing minister Lee Rowley has spoken out in favour of Build To Rent. At the inaugural Build To Rent Innovators conference - organisation by the National...
Energy Efficiency - owners all at sea over where to start
Almost two in five UK owners - landlords and homeowners - now consider improving the energy efficiency of their property an important priority, following energy costs...
Letting Agent Thief sentenced after stealing over £128,000
A thieving lettings agent stole over £128,000 which should have gone to landlord clients - and with it she funded an affair with her personal trainer. Joanne...
Agents list major problems with Renters Reform Bill
Propertymark has set out its pro-agency position on a range of issues contained in the Renters Reform Bill, currently trundling through Parliament. The Bill is currently ending...
Expensive rental eco-heat scheme needs rethink - top agent
A consultation to introduce boilers into homes and the private rented sector needs ‘more carrot than stick’ according to a prominent lettings agency. DJ Alexander Ltd, the...
Downturn? What downturn? Propertymark books entire hotel for a party!
Propertymark is revamping the big London conference it trialled this year - and it’s fired an entire hotel for the after-party event. The conference itself - once...
Airbnb claims its short lets support thousands of jobs across UK
A new report claims that Airbnb has generated tens of thousands of jobs in the UK and enables people to work near or in their home...
Data Protection - agency advice from the Information Commissioner’s Office
The Information Commissioner’s Office has issued advice to agencies on how to comply with data protection law. The UK data protection regulator has received a number of...
Agency reveals Management Buy Out and names leadership team
The partners of high end agency and property consultancy Cluttons have announced the completion of a management buyout. James Gray continues as chief executive officer alongside Nicholas...
Watchdog slams GetAgent over misleading website claims
Controversial website content by the high profile website GetAgent must never appear again, according to the ad industry watchdog. The Advertising Standards Authority took the drastic action...
Leasehold Reform Bill wins praise from industry body
Michael Gove’s Leasehold and Freehold Reform Bill, currently going through Parliament, has won praise from the industry body The Property Institute. There is a growing number of...
Rental demand staying high despite approach of Christmas
The latest Rental Index from PropTech firm Goodlord has shown that year-on-year rents are up by 7.3 per cent across England compared to November 2022 figures. The...
Two of PropTech’s biggest names announce merger
Two of the highest profile PropTech suppliers to the lettings and wider property sectors have announced a merger. Reapit and PayProp say they are joining forces “to...
OnTheMarket share dealing to be suspended next week
Dealing in OnTheMarket shares will cease at 7.30am on December 12 following yesterday evening’s announcement that the CoStar takeover had won shareholder approval. The takeover won the...
One in seven agents see evidence of rents now falling
A surprising one in seven lettings agents is now reporting a fall in rents rather than a rise. Although far more agents are still reporting rises -...
Rent rises outstrip inflation in every part of the UK - new figures
Latest data from The Deposit Protection Service suggests rents have risen faster than inflation over the past year. The organisation’s Rent Index shows that average UK monthly...
Agency group hits eco-target eight years ahead of schedule
Leaders Romans Group claims it reached carbon neutrality in 2022, eight years ahead of its original target of 2030. The firm says its greenhouse gas emissions last...
Lettings Excellence - winning young agent named
High achieving agents in lettings and other sectors of our industry have been recognised at a prestigious London celebration. Learners, apprentices, employers and training providers gathered to...
Shareholders reach decision on takeover of OnTheMarket
The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar. A statement released this afternoon says: "The Board of OnTheMarket is pleased...
Buy To Let Mortgage Arrears Double In Just One Year
Cases of buy-to-let arrears have doubled in a single year, according to a new analysis. The research, from Octane Capital, analysed quarterly arrears cases where the mortgage...
OnTheMarket investor critic’s last-ditch bid to scupper deal
Long-standing activist investor Brett Stone has made a last-ditch bid to scupper a proposed takeover of OnTheMarket by US firm CoStar. CoStar - which owns US portals...
Agency Consolidation - another small independent snapped up by growing firm
Lomond has snapped up another small lettings agency - its fifth acquisition in as many weeks. It’s purchased Sussex-based Howard & Co and with it a lettings...
Lettings firm to be managing agent for council Build To Rent scheme
Portsmouth and Southsea lettings agency Chinneck Shaw has been appointed to manage the first purpose-built Build to Rent project from Ravelin Housing Ltd, Portsmouth council’s wholly...
Propertymark details 2024 #morefor24 regional programme
Propertymark has outlined an extensive regional programme for next year. It’s going to hold 19 regional events under the #morefor24 campaign slogan. The announcement comes just after the...
Government slammed over clampdown on Airbnb and short lets
A trade body representing short lets operators has slammed government housing failures. The Short Term Accommodation Association says it’s analysed local authority data which shows the potential...
Shelter blames private rental sector for growing child homelessness
Shelter says there are nearly 139,000 children officially homeless and living in temporary accommodation - and it’s blaming the private rental sector, in part. The campaigning charity,...
Lettings agents urged to use webinars to keep up with compliance issues
Sally Lawson of Agent Rainmaker writes: Online information sessions are a vital way to network with landlords and showcase your expertise. That’s what letting agent Ali Durrant is...
Agency Leadership Training sees first baker’s dozen graduates
A total of 13 franchisees from brands within the Belvoir Group have graduated from what the firm calls “a unique new high-performance leadership training programme.” “The Belvoir...
Another holiday lets area council slaps tax surcharge on second homes
Second homes in the area of Essex known as Tendring - including popular holiday lets resort Frinton on Sea and the so-called Sunshine Coast - face...
Trading Standards reveal details of new Material Information requirements
Parts B and C of the process to improve material information disclosure in property listings are published today within comprehensive new guidance for sales and letting agents. Representing...
Agency calls for Landlords Reform Bill to redress rental balance
Leaders Romans Group is calling for a Landlords Reform Bill to balance the challenges and apparent disincentives now deterring landlords from remaining in the rental sector. In...
Controversial ex-Countrywide boss appointed to new post
Almost six years after her departure as chief executive of Countrywide, Alison Platt has been appointed to a new senior position. She is to become the non-executive...
Hundreds of objections to large Build To Rent development
Another large Build To Rent scheme is in the offing, this time in Devon’s capital city, Exeter. Plans to build 246 BTR units and 188 co-living homes...
Agent says second home clampdown is no answer to long-term shortage
The long-term shortage of rental accommodation is now addressed by a short-term clampdown on second homes and empty properties, a leading lettings agent insists. David Alexander, head...
Rent Protection feature launched for agents and landlords
PropTech specialist Vouch has launched a Rent Protection feature, designed to help landlords access cover to mitigate the risk of unpaid rent. The feature was also created to make...
OnTheMarket Takeover - New endorsement is another boost for board
With less than a week to go before the Court Meeting and the General Meeting which will decide the fate of OnTheMarket, there’s been another boost...
Activists oppose move away from Open Ended Tenancies
The Generation Rent activist group has come out against an amendment to the Renters Reform Bill which reversed the threat of open-ended tenancies in the student...
Super-Rich rent as they baulk at high Stamp Duty purchase costs
More multi-millionaires and billionaires are choosing to rent super-prime homes in London, rather than purchase, reveals a new wealth report Beauchamp Estates’ latest Ultra-Prime Barometer Wealth Report...
Belvoir agents have access to private rental licensing data
Franchise giant Belvoir is the latest agency group to sign a deal with geospatial technology firm Kamma. The partnership will offer all 340 offices access to Kamma’s...
Independent agency snaps up rival as owners retire after 35 years
Pattinson estate agency in the north east of England has snapped up Ryedales Estate Agents, an independent in Northumberland. Ryedales owners Geoff and Lynne Stockdale say: “It...
Affordability Crisis means rent rises cannot continue at this pace - Savills
Savills is warning that despite strong income growth, rising rents are stretching the finances of those in the private rental sector. Savills now estimates that the average...
New portal takes on letting agents, lists “all available homes for young people”
A new rental website which claims to list “all available homes for young people in one place” has raised well over £3m in funding. Hybr calls itself...